Bank of Maharashtra PO Salary 2026: Basic Pay, In-Hand Salary, Allowances & Career Growth

Eligibility Details

• The available post is a Probationary Officer (PO) in JMGS-I under the 12th Bipartite Settlement. Specific educational requirements are not detailed in the post.

Important Dates

• Updated: March 5, 2026
• Publication date (pubDate): 05-03-2026

:construction: Not specified in the post.

Additional Information

• Bank of Maharashtra PO salary overview follows the 12th Bipartite Settlement. Expected starting basic pay: ₹48,480 per month. Estimated in-hand salary: ₹52,000-₹55,000 per month. Gross monthly salary: ₹76,000-₹79,000. Annual CTC: ₹10-₹11 Lakhs, inclusive of allowances and retirement benefits. Probation period: 6 months. Service bond: typically ₹2 Lakhs (terms subject to official notification).
• Pay scale progression and allowances (DA, HRA, CCA, Special Allowance, Learning Allowance) are aligned with standard PSU bank norms. In-hand figures can vary with city, DA rate, and tax liability.
• Deductions include NPS contributions, professional tax, income tax, and optional insurance or welfare contributions. Overall deductions commonly range 20-30% of gross pay.
• Career growth follows a structured promotion path from JMGS-I PO to senior management grades, subject to performance, exams, and vacancies.
• For official terms, always refer to the notification released by Bank of Maharashtra.